Truck stop organization reacts to passage of Inflation Reduction Act

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NATSO, representing America’s truck stops and travel hubs, and SIGMA: America’s major fuel distributors, reacted to the passage of the Cut Inflation Act of 2022.

NATSO Executive Vice President of Government Affairs David Fialkov said:

“The Cut Inflation Act represents a missed opportunity for Congress to build on more than a decade of advances in reducing emissions in road transportation. While it makes sense that technologies fuels receive favorable tax treatment through tangible reductions in carbon emissions, this bill gives aviation fuel more favorable treatment without having to demonstrate better environmental benefits.

“Diverting investment from renewable diesel will increase retail diesel prices. Rather than reducing inflation, this legislation will increase the price of all consumer goods transported by truck.

“The Cut Inflation Act gives the airline industry another special break. The industry, meanwhile, is more than happy to agree to its second bailout in three years while battling the obligation to comply with stricter environmental standards.”

The Cut Inflation Act has passed the House and Senate and is now awaiting President Joe Biden’s signature.

It aims to curb inflation by reducing the deficit, lowering prescription drug prices and investing in home energy generation while promoting clean energy solutions. It also aims to help the United States reduce net greenhouse gas emissions to 50% below 2005 levels by 2030, and it also includes an expansion and modernization of the Internal Revenue Service.

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